What’s Propelling Hor. Beta. S&P TSX Cap. En. Bull (ETF) to Increase So Much? The Stock Gaps Up Today

 What's Propelling Hor. Beta. S&P TSX Cap. En. Bull (ETF) to Increase So Much? The Stock Gaps Up Today

The stock of Hor. Beta. S&P TSX Cap. En. Bull (ETF) (TSE:HEU) gapped up by $0.14 today and has $15.13 target or 9.00% above today’s $13.88 share price. The 5 months technical chart setup indicates low risk for the $18.27M company. The gap was reported on Dec, 1 by Barchart.com. If the $15.13 price target is reached, the company will be worth $1.64M more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 153,568 shares traded hands or 47.17% up from the average. Hor. Beta. S&P TSX Cap. En. Bull (ETF) (TSE:HEU) has risen 34.14% since April 27, 2016 and is uptrending. It has outperformed by 28.22% the S&P500.

Horizons BetaPro S&P/TSX Capped Energy Bull Plus ETF seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavor to correspond to two times (200%) the daily performance of the S&P/TSX Capped Energy Index. The ETF has a market cap of $18.27 million. In order to achieve its objective, the total underlying notional value of these instruments and/or securities will typically not exceed two times the total assets of the ETF. It currently has negative earnings. Assets not invested in financial instruments or equity securities may be invested in debt instruments or money market instruments with a term not to exceed 365 days, or reverse repurchase agreements with a term not to exceed 30 days.

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